The stock of Solaredge Technologies Inc (NASDAQ:SEDG) reached all time low today, Oct, 28 and still has $12.25 target or 8.00% below today’s $13.31 share price. This indicates more downside for the $533.17M company. This technical setup was reported by Barchart.com. If the $12.25 PT is reached, the company will be worth $42.65M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 973,967 shares traded hands or 2.62% up from the average. Solaredge Technologies Inc (NASDAQ:SEDG) has declined 45.04% since March 28, 2016 and is downtrending. It has underperformed by 49.75% the S&P500.
Analysts await Solaredge Technologies Inc (NASDAQ:SEDG) to report earnings on November, 2. They expect $0.37 earnings per share, up 15.63% or $0.05 from last year’s $0.32 per share. SEDG’s profit will be $14.82M for 8.99 P/E if the $0.37 EPS becomes a reality. After $0.39 actual earnings per share reported by Solaredge Technologies Inc for the previous quarter, Wall Street now forecasts -5.13% negative EPS growth.
Solaredge Technologies Inc (NASDAQ:SEDG) Ratings Coverage
Out of 13 analysts covering SolarEdge Technologies (NASDAQ:SEDG), 10 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 77% are positive. SolarEdge Technologies has been the topic of 29 analyst reports since August 13, 2015 according to StockzIntelligence Inc. On Wednesday, September 9 the stock rating was initiated by Oppenheimer with “Perform”. The company was initiated on Monday, April 4 by Barclays Capital. Goldman Sachs downgraded the shares of SEDG in a report on Tuesday, May 10 to “Neutral” rating. The firm earned “Buy” rating on Thursday, August 13 by TH Capital. The firm has “Hold” rating given on Tuesday, August 18 by Zacks. As per Thursday, November 5, the company rating was maintained by Needham. The firm earned “Outperform” rating on Friday, December 18 by FBR Capital. The stock of Solaredge Technologies Inc (NASDAQ:SEDG) has “Buy” rating given on Tuesday, September 1 by Roth Capital. Needham maintained it with “Buy” rating and $42 target price in Thursday, August 13 report. On Wednesday, August 10 the stock rating was maintained by Barclays Capital with “Overweight”.
According to Zacks Investment Research, “SolarEdge Technologies, Inc. provides inverter solution. The company’s SolarEdge system offers power optimizers, inverters and a cloud-based monitoring platform. It serves residential solar installations to commercial and small utility-scale solar installations. SolarEdge Technologies, Inc. is headquartered in Hod Hasharon, Israel.”
More important recent Solaredge Technologies Inc (NASDAQ:SEDG) news were published by: Fool.com which released: “Can SolarEdge Technologies Inc. Break Into Energy Storage?” on July 19, 2016, also Fool.com published article titled: “The Biggest Problem With SolarEdge Technologies Inc. Stock”, Fool.com published: “Why SolarEdge Technologies Inc.’s Shares Fell 22% Today” on May 10, 2016. More interesting news about Solaredge Technologies Inc (NASDAQ:SEDG) was released by: Valuewalk.com and their article: “SolarCity Corp Beats Estimates, SolarEdge Technologies Inc, Misses On Sales” with publication date: August 09, 2016.
SEDG Company Profile
SolarEdge Technologies, Inc., incorporated on August 7, 2006, offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. The Company’s product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company’s power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. This enables each PV module to continuously produce its maximum power potential independent of other modules in the same string, thus minimizing module mismatch and partial shading losses. By performing these adjustments at a high rate, its power optimizers also solve the dynamic MPP losses associated with traditional inverters. The Company’s solution consists of a direct current (DC) power optimizer, an inverter and a cloud monitoring platform that operates as a single integrated system.
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